Growing Need For Advanced Healthcare Information Systems Driving Laboratory Information System Market Surge

By Author: Pramod Kumar
Total Articles: 97
Comment this article

According to the estimates of the market research company, P&S Intelligence, the market will demonstrate a CAGR of 6.5% from 2020 to 2030 (forecast period). The market is being propelled by the burgeoning requirement for advanced healthcare information systems, surging need for molecular diagnostics, increasing adoption of cloud computing in LISs, soaring demand for higher lab productivity, and enactment of cost reduction measures in hospitals.

The burgeoning demand for advanced healthcare information systems is one of the major factors propelling the advancement of the laboratory information system (LIS) market. LISs assist in delivering treatment, rehabilitation, and diagnosis services through one integrated platform. These systems reduce the diagnosis time period by streamlining various back-office operations and help doctors discuss and share their treatment plans with patients. For example, the National Health Service (NHS) and other local healthcare councils have been working together since 2016 for developing transformation and sustainability partnership covering all of the U.K. and setting proposals for improving ...
... healthcare outcomes for patients.

Depending on type, the market is divided into integrated and standalone categories. Between these, the integrated category is predicted to register faster growth in the market in the coming years. This is ascribed to the growing requirement for LIS integration or LIS interface and delivery equipment in healthcare settings for improved efficiency and adoption of advanced technologies within workflow solutions. The market is also categorized, based on component, into services and software.

Additionally, the ballooning population of geriatric people and existence of market players, such as CompuGroup Medical SE & Co. KGaA, Allscripts Healthcare Solutions Inc., and Abbott Laboratories also fueling the demand for LIS in the region. The players operating in the industry are actively focusing on collaborations and partnerships in order to gain an edge over their rivals. For example, Cerner Corporation entered into a partnership with Logansport Memorial Hospital (LMH), which is a not-for-profit regional medical center in Indiana, in April 2020 for the upgradation of its electronic health record (EHR) system.

Browse In-depth Laboratory Information System Market Research Report @ https://www.psmarketresearch.com/market-analysis/laboratory-information-system

Pramod has around 7 years of experience in market research and consulting services for healthcare industry. He holds varied experience in market sizing and forecasting with varied models, competition landscape, consumer behavior analysis, opportunity analysis, product/company benchmarking, data mining and others. He has successfully delivered multiple projects on go-to-market strategies, pricing strategy, price point analysis, Business Expansion, market entry and exit, share analysis and others. Prior to joining P&S Intelligence, he worked with different research companies, including Transparency Market Research and MarketsandMarkets Pvt Ltd. Some of the projects delivered by him include Scar Treatment Market, Skin Replacement and Substitutes Market, and Energy-Based Aesthetic Devices Market.